Indicate below what is NOT a factor of production ........

Economics- Phase (I & II) Business Cycles

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Indicate below what is NOT a factor of production.

Land

A bank loan

Labor.

Capital.

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Explanation:

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.Land resources are the raw materials in the production process.

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